AUD/CAD – 4H – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline downwards

A bearish movement downwards to the next support line at 0.94618 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.97497 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Tweezers Top’ chart pattern is existing. The chart shows ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.97497 – 0.97065 – 0.96979 – 0.94618 – 0.95446 – 0.95986 —
0.96673 – 0.97594 —
58.581117214047 – 62.944630343481 —
– —
0.97497 – 1772064000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Tweezers Top – Rising Wedge Chart Pattern – – – – – – – –